The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

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CoStar and private equity group battle for CoreLogic

Data giant looking to sell at or above $80 a share

Nearly three months after CoreLogic confirmed it was exploring multiple acquisition offers following the rejection of a hostile takeover bid, the data giant is now evaluating the final two bidders.

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet.

If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based company has completed, Bloomberg data revealed. That would be impressive, considering CoStar has already spent billions acquiring other firms in recent years, including a $250 million buyout of Homesnap in November and a $190 million deal for Ten-X Commercial in March.

After its filing of bankruptcy in February, Rentpath, which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. However, the deal was blocked by the FTC in December, citing the acquisition would “effectively eliminate price competition” given the twos rivalry.

Though it’s reportedly entertaining offers, CoreLogic could remain independent.


How lenders will benefit from Black Knight’s acquisition of Optimal Blue

HW Media CEO Clayton Collins and Scott Happ, president of Secondary Marketing Technologies at Black Knight, discuss Black Knight’s acquisition of Optimal Blue and what the industry can expect from the company’s new Secondary Marketing Technologies division.

Presented by: Black Knight

Since July, the company has been fighting a public battle with investors who jointly own or have an economic interest equivalent to approximately 15% of CoreLogic’s outstanding common stock. In a July letter sent to CoreLogic’s board of directors, Cannae Holdings and Senator Investment Group proposed buying the firm in an all-cash offer for $66 a share.

The investors dropped their takeover bid on Nov. 2 after CoreLogic confirmed it was exploring multiple offers to sell at or above $80 per share, however, it did not deter the investors from turning up pressure on shareholders to fully replace the board with their own nominees.

On Nov. 24 a compromise was reached after a proxy vote was held that replaced three of the 12 directors on CoreLogic’s board with that of the investment groups’ nominees. Following the internal shakeup CoreLogic said the company’s selling process was still well underway.

“We are pursuing a process that is designed to achieve a successful outcome, and we expect to receive definitive proposals in early 2021,” the company said at the time. 

But beyond standard data reports and tech releases, the company went quiet on the acquisition front, though Bloomberg had previously reported in October CoStar had in fact offered $77 to $83 per share for the data giant.

As of Thursday, CoreLogic’s stock closed at $76.79 per share on Thursday, giving it a $5.9 billion market cap.

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